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    661 Park Ave Cranston, RI 02910

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    For Sale
    Contact for pricing

    Redevelopment project with special zoning approval for multifamily apartments.

    Lot size:
    1.79 Acres

    Property Features for 661 Park Ave

    General Information

    Lot size
    1.79 Acres

    Source: Hayes & Sherry Agent Derek Brazeau

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Project on Park Avenue

    This redevelopment project is located on Park Avenue and Doric Street, adjacent to Interstate 95. It has special zoning approval and special master plan approval for 75 multifamily apartment units, including 63 market rate and 12 affordable units. The development allows for a 4-story building with an L-shape surface parking. The maximum building height is 50 feet, with an additional 10 feet to accommodate a rooftop amenity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Legion Bowl and Billiards Bowling Alley ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4271199
    Latitude
    41.7774956

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    FAQs

    What type of property is this?
    Land - Redevelopment project with special zoning approval for multifamily apartments.
    Where is this land located?
    The property is located at 661 Park Ave Cranston, RI.
    What are key features of this property?
    This property features: - Redevelopment Project with Special Zoning & Master Plan Approvals in Place; - Approved for **75 Multifamily Apartment Units** (63 Market Rate / 12 Affordable); - Prime Location on Park & Doric, Adjacent to Interstate 95
    (401) 273-2052
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    661 Park Ave Cranston, RI 02910
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    Cranston, RI 02910
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    661 Park Ave Cranston, RI 02910
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